Missouri Code of State Regulations
Title 20 - DEPARTMENT OF COMMERCE AND INSURANCE
Division 1140 - Division of Finance
Chapter 24 - Miscellaneous Association Rules
Section 20 CSR 1140-24.090 - Sale of Association Assets

Universal Citation: 20 MO Code of State Regs 1140-24.090
Current through Register Vol. 49, No. 18, September 16, 2024

PURPOSE: This rule permits an association to sell all or substantially all of its assets to a bank or trust company.

An association may sell or transfer in bulk, and not in the regular and usual course of its business, all or substantially all of its assets, including its name and goodwill, to a bank or trust company. No such sale or transfer shall occur, however, without the prior approval of the director of the Division of Finance.

*Original authority: 362.105.3, RSMo 1939, amended 1949, 1963, 1965, 1967, 1977, 1983, 1986, 1990, 1991, 1992, 1994; 369.089, RSMo 1971, amended 1982, 1994; 369.144(7), RSMo 1971, amended 1982, 1983, 1984, 1989, 1994; and 369.299(2), RSMo 1971, amended 1994.

Disclaimer: These regulations may not be the most recent version. Missouri may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.